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20120928
20121006
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debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth about the same amount. but the president is accurate when he says governor romney is making many promises in his tax plan. romney says upper-income people will not get a net tax cut; middle-income people will not see their taxes go up; incentives for savings and investment won't be touched; the estate tax and alternative minimum tax will be eliminated-- all this while cutting tax rates and not changing the amount of money the federal government brings in. an analysis by the tax policy center shows governor romney will hav
. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the approaching fiscal cliff if we go over the fiscal cliff, if we plunge over the highest bluff along the fiscal cliff, it's very likely the economy will fall into recession and the unemployment rate instead of being 8 at the end of next year will be above 9. so the first thing that any elected official needs to do in 2013 is prevent job losses by doing something about the fiscal cliff. >> susie: are you predicting a recession? >> no, we're not. we do think that in a crisis environment at the 11th hour, some sort of arrangement will be made that will delay the fiscal contraction that's on the books now. so that th
: employers will tell you it's hard to find skilled workers. and both president obama and governor romney agree we need more effective programs to help people develop the skills to handle high-wage jobs. president obama is backing an $8 billion fund to help community colleges connect with businesses on workforce development. >> we've got to train our workers to fill good jobs. let's help give two million workers the chance to learn the skills they need at community colleges that will lead directly to a job. >> reporter: but government auditors report most federal job-training programs have not done the expensive studies needed to determine whether or not they are effective. and those that have done impact studies find only small or short-term benefits from job training. >> which i think is remarkable that, after five decades, that the main federal auditor, the g.a.o., can't really find that these programs work really well at all. >> reporter: but governor romney still talks up job training. he backs personal reemployment accounts that workers can use to find training and job counseling. a
president obama and governor romney visited virginia. >> reporter: the jobs report took away one of governor romney's signature stump speech about how long the unemployment rate has been above eight percent. >> the reason its come down this year is because more and more people have just stopped looking for work. >> tom: today's report actually showed people returned to the labor force in september. it's the first time since last october the unemployment rate fell while more people entered in the workforce. >> but today's news certainly is not an excuse to try to talk down the economy and score a few political points. it's a reminder that this country has come too far to turn back now. >> tom: only one more monthly job report remains before election day. and with such high stakes, former general electric c.e.o. jack welch stirred up controversy with this comment on twitter, accusing president obama's re-election campaign of essentially manipulating the report. - quote - unbelievable jobs numbers...these chicago guys will do anything..-end quote. the bureau of labor statistics is where the dat
Search Results 0 to 18 of about 19 (some duplicates have been removed)

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